Jive Software is Acquired for $462 Million
ESW Capital, LLC, through its affiliate Wave Systems, is acquiring Jive Software, a provider of enterprise collaboration software.
Through the transaction which is valued at $462 million, Jive will become a part of the Aurea family of companies.
Aurea provides a technology platform and worldwide delivery capability to enable companies to build, execute, monitor and optimize an end-to-end customer journey across diverse industries.
Completion of the acquisition is subject to customary closing conditions, including a majority of the outstanding shares having been tendered in the tender offer and clearance under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976.
The parties expect the transaction to be completed in June 2017. Following completion of the transaction, Jive's common stock will be delisted from the NASDAQ and deregistered from the Securities Exchange Act of 1934.
Morgan Stanley is serving as financial advisor to Jive, and Wilson Sonsini Goodrich & Rosati, P.C. is serving as legal advisor to Jive. Atlas Technology Group LLC is acting as financial advisor to ESW Capital and its subsidiaries. Cooley LLP is serving as legal counsel to ESW Capital and its subsidiaries.
Additional details about the merger agreement will be contained in a Current Report on 8-K to be filed by Jive with the Securities and Exchange Commission.
For more information, go to www.aurea.com and www.jivesoftware.com.